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Friday preview: China data, US consumer confidence in focus
The market spotlight at the end of the week will shift to Asia.
US close: Stocks jump, Arm surges in debut
US stocks finished with decent gains on Thursday on a busy day for economic data, a blockbuster flotation and an interest-rate hike across the Pond.
London close: Stocks stay green as energy prices rise
London’s stock markets finished positively on Thursday, boosted by the mining sector, as investors analysed fresh UK house price data and a rate hike from the European Central Bank.
US open: Stocks rise, helped by apparently stronger-than-expected data
Stocks were moving higher on Thursday despite a batch of fresh economic data that, at least on the surface, came in ahead of forecasts.
FTSE 250 movers: Trainline on track; Hipgnosis hits sour note
Online travel platform Trainline on Thursday launched a £50m share buyback as ticket sales grew by almost a quarter in the first six months of its financial year.
Broker tips: Rio Tinto, Anglo American, Entain, IG
JP Morgan upgraded its rating for Rio Tinto and raised target prices across the iron ore sector after turning more positive on the outlook for iron ore prices.
Director dealings: IPF non-exec picks up shares, Hutchmed China director linked to sale
International Personal Finance was among the companies on the list of director purchases on Thursday after a non-executive director spent more than £18k on shares.
ECB hikes rates by 25 basis points but signals end of tightening
The European Central Bank lifted interest rates to a record high on Thursday as it looks to tackle inflation.
FTSE 100 movers: Miners boosted by JPM note; Entain in the red
London’s FTSE 100 was up 1. 5% at 7,639. 66 in afternoon trade on Thursday.
US wholesale prices jump by more than expected in August
Wholesale prices in the U. S. increased more quickly than anticipated in August, pushed higher by energy prices.
Weekly US jobless claims little changed
The U. S. jobs market remained tight during the previous week.
U.S. retail sales grow more quickly than expected in August
Americans continued spending at a rapid clip last month.
CBI members unhappy about possible Make UK tie-up - report
The CBI could be facing further member resignations if plans to merge with fellow trade body Make UK go ahead, it was reported on Thursday.
Invinity gets first order for next generation 'Mistral' product
Energy storage specialist Invinity Energy Systems announced its inaugural customer order for its next-generation product, ‘Mistral’, on Thursday.
Cornish Metals takes wraps off updated mineral resource estimate
Cornish Metals unveiled an updated mineral resource estimate (MRE) for its flagship South Crofty Tin Project in Cornwall on Thursday.
Mkango inks 50-50 venture with CoTec for US project
Mkango Resources and its partner CoTec Holdings announced their collaboration through a 50-50 joint venture to roll out HyProMag's innovative rare earth magnet recycling technology in the United States on Thursday.
Greatland Gold defers ASX listing, arranges AUD 50m standby facility
Greatland Gold announced an AUD 50m (£26m) unsecured standby debt facility with Wyloo Consolidated Investments on Thursday.
Victoria sells more than 200m square metres of flooring in 2023
Floorcoverings specialist Victoria said in its audited results on Thursday that the total volume of flooring sold in the 2023 financial year surpassed 200 million square metres - an area equivalent to more than 29,500 football fields.
Uniphar gross profit jumps in first half
Healthcare services company Uniphar reported gross profit growth of 28. 6% in its first half on Thursday, of which 5. 5% was organic, representing progress across all divisions.
Gresham House posts slight uptick in assets under management
Alternative asset manager Gresham House reported 5% growth in assets under management in its first half on Thursday, to £8. 3bn.